Pre-Trading Thoughts

The government is planning to add another 450k family to the Takaful and Karama and raise the personal income tax exemption threshold to EGP 2.5k from EGP 2k. GASC canceled the tender to purchase an unlimited amount of wheat, due to high prices, reaching USD443 per ton. Egypt's exports of natural gas jumped by 406.5% YoY to USD2.8 billion in 1Q22. Russia and Ukraine are approaching an agreement that will see Russia releasing 22 mn tons of wheat, corn, and other commodities trapped on the Blac...